Furthermore, the whole Metro Group (member of which is Media – Saturn Administration SA) which so far seemed to ignore web stores and internet sales, is now starting to consider the internet channel as a threat. I remember spokespersons of the group stating that they were not interested in starting an internet store at that time. However now they feel that competition is moving forward and they are left behind. Their countermeasure to the intense competition is the “New Media Markt Price”; a price which is valid not only for selling online but for the store as well. The “New Media Markt Price” evangelizes a competitively low and permanent price for their products in contrast with the short term extremely low prices of internet competition with offers that just expired or with products available to be shipped in your next life. This switch in the group’s strategy, was clearly and boldly indicated today when the Greek version of the Media Markt’s website started showing prices for the first time. On top of that, there is also the capability of reserving a product (such as a flyer offer) to purchase at the physical store of your choice.

Sources & further reading:

Metro looks to internet sales to chase rivals

Media Markt vs. The Internet. A new narrative

Lower labour costs increase profit margins, not competitiveness unless you allocate these gains either in new investments or for lowering prices. None of these had happened with the Greek economy. On the contrary, inflation is on the rise; prices increase every week! No comment for investments, that would be a joke! There is not a necessity or commitment on behalf of entrepreneurs to invest money in their businesses or lower their prices that comes from cutting employment’s costs. The hard truth is that the reduction of salaries only increase the profits of entrepreneurs to make amends for the loss of turnover due to the crisis. For them, investments, competitiveness and other qualitative indexes mean nothing; the only thing that matters is cash.

Below is proof; hehe

Although there are many professional websites, online newspapers / magazines, etc., it’s very odd that I get to appear above all of them and the fact that I do not invest in SEO either in money -by hiring a pro- or in time & effort -since I am not a pro too-. It seems that my content is consider as of high quality and value by Google and that WordPress (and blogs in general) provide the platform for search engine friendly content.

No need to mention that this finding -which I discovered accidentally when I was looking for this blog’s visitors in Google Analytics- made me very happy

The Prime Minister has also said that he will seek a vote of confidence from the Greek Parliament.

Source: http://www.protothema.gr/economy/article/?aid=155487